a. You want to buy a $170,000 house. The loan requires 10% down, has a 7.75% fixed APR, and a term of 30 years. You will make monthly mortgage payments. How much will your monthly payments be?
b. You want to buy a $170,000 house. The loan requires 10% down, has a 7.75% fixed APR, and a term of 30 years. You will make monthly mortgage payments. What is the total interest you will pay over the life of the loan?